Squar Milner Financial Services LLC lowered its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 29.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,041 shares of the pipeline company’s stock after selling 3,305 shares during the period. Squar Milner Financial Services LLC’s holdings in Kinder Morgan were worth $165,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Ingalls & Snyder LLC boosted its stake in Kinder Morgan by 12.3% during the second quarter. Ingalls & Snyder LLC now owns 114,793 shares of the pipeline company’s stock worth $2,397,000 after buying an additional 12,569 shares in the last quarter. Chesapeake Wealth Management acquired a new stake in Kinder Morgan during the second quarter worth $810,000. Lee Financial Co boosted its stake in Kinder Morgan by 1.1% during the second quarter. Lee Financial Co now owns 75,678 shares of the pipeline company’s stock worth $1,580,000 after buying an additional 812 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in Kinder Morgan by 22.7% during the third quarter. Contravisory Investment Management Inc. now owns 4,128 shares of the pipeline company’s stock worth $85,000 after buying an additional 765 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Kinder Morgan by 9.5% during the second quarter. Jennison Associates LLC now owns 3,091,779 shares of the pipeline company’s stock worth $64,556,000 after buying an additional 268,800 shares in the last quarter. Hedge funds and other institutional investors own 61.77% of the company’s stock.
Shares of NYSE:KMI traded up $0.09 on Thursday, hitting $20.49. The stock had a trading volume of 249,981 shares, compared to its average volume of 10,058,677. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $21.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.33 and a current ratio of 0.35. The firm’s 50 day moving average price is $20.41 and its 200-day moving average price is $20.35. The company has a market capitalization of $46.02 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 4.23 and a beta of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.88%. Kinder Morgan’s dividend payout ratio is 112.36%.
In other Kinder Morgan news, insider Richard D. Kinder purchased 400,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $19.95 per share, with a total value of $7,980,000.00. Following the completion of the acquisition, the insider now directly owns 241,579,496 shares of the company’s stock, valued at approximately $4,819,510,945.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 71,944 shares of Kinder Morgan stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total value of $1,442,477.20. Following the completion of the transaction, the vice president now directly owns 204,605 shares of the company’s stock, valued at $4,102,330.25. The disclosure for this sale can be found here. Insiders purchased 705,000 shares of company stock valued at $14,007,550 over the last ninety days. 13.95% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on KMI shares. TD Securities initiated coverage on shares of Kinder Morgan in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price target on the stock. Raymond James downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 target price on the stock. in a research note on Wednesday, June 26th. ValuEngine downgraded shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Argus downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Wolfe Research upgraded shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.11.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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